Stobart Group reported an increase in turnover and profit in its transport and distribution unit in its final year as a fully-owned division of the business. In March Stobart Group sold a 51% stake in transport division to Douglasbay Capital (Dbay) – the former owners of TDG – for £280.8m. The move saw William Stobart become chief executive the business now called Eddie Stobart Logistics. In the financial year ending 28 February 2014 discontinued operations at Stobart Group (which includes […]
Boughey Distribution parent NWF Group has revealed that its pre-tax profit fell by a third, despite a 16% increase in revenue. Revenue rose to £540.2m for the year-ending 31 May, up from £463.8m 2011. However pre-tax profit dropped to £5.1m, compared to £7.6m in the previous financial year. Chief executive Richard Whiting says: “NWF has delivered a profit in line with the board’s expectations and has been successful in reducing debt further than expected.” Fuel division NWF Fuels continues to […]
Eddie Stobart Logistics makes second bid to win planning approval for major new Warrington distribution centre
Haulier Eddie Stobart Logistics (ESL) has resubmitted controversial plans to build a major DC on Green Belt land opposite its headquarters at Appleton Thorn, near Warrington.
Eddie Stobart has ended a long-running dispute with 184 HGV drivers that had been pursuing an unfair dismissal claim relating to the logistics giant taking over the running of a Tesco DC in Doncaster in 2012.